Finance

Have finance questions? Ask a financial expert online.

Connect one-on-one with {0} who will answer your question

Related Finance Questions
I'm trying to figure out how much to pay in quarterly
I'm trying to figure out how much to pay in quarterly estimated taxes for next year. My income last year was much less than I expect this year. 1. If print quarterly coupons with a set amount, what if… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,728 satisfied customers
Year I received a large distribution for stock sale due to
Hello, I'm Charles This year I received a large distribution for stock sale due to corporate action on November 29th and failed to do estimated taxes. I have never done them before due to being retire… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,864 satisfied customers
This is my question. In 2018, my company obtained S-Corp
In 2018, my company obtained S-Corp status. In 2018, I worked for an employer, and received $30,000 of W2 income, working the first 6 months of the year. My corporation made $111,000 in profit in 2018, of which I have distributed $32,000 to my bank account. I would like to know how I should classify and distribute the profit? The options being K1, 1099, or if possible W2 employee of my own company (even though I havent done that the whole year) … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,728 satisfied customers
I am a physician and was employed until June 30 2018. I
I am a physician and was employed until June 30 2018. I received a W-2 for my earned wages. I am now working in a locums position as a 1099 contractor. I also receive payments towards my student loans… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,728 satisfied customers
Is there ever a penalty for not paying fed taxes quarterly,
Is there ever a penalty for not paying fed taxes quarterly, but rather in lump sum at years end? Can quarterly payments become mandatory if my earnings fit a certain criteria? If so, at what level?… read more
Carter McBride
Carter McBride
LLM
3,105 satisfied customers
I have taken advantage at 71 1/2 to use up all my RMD for
I have taken advantage at 71 1/2 to use up all my RMD for 2017 on QCD's. I also was going to pay my 2017 Estimated Tax directly from my IRA as I haven't paid any to date for this year and understand t… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,864 satisfied customers
Lane I am preparing an offer in compromise for my client and
Good morning Lane I am preparing an offer in compromise for my client and her income has been lowered since last year and she has not yet paid the estimated payments for 2017. Could I recalculate her … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,402 satisfied customers
I recently entered the real estate field. I only have one
I recently entered the real estate field. I only have one commission to pay taxes on for 2015. Do I need to pay estimated tax? If so, how do I calculate the tax and pay it? On the estimated tax worksh… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,468 satisfied customers
Issue: estimated tax payment - is there a better way to
Issue: estimated tax payment - is there a better way to submit this to get it to a tax accountant?? This may be a duplicate. I entered it earlier but don't see it posted to my account.Due to exception… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,728 satisfied customers
I have a C corp in Texas. My company does Ecommerce
I have a C corp in Texas. My company does Ecommerce (Ebay/Amazon etc). We already have a Texas Sales & Use Tax Permit. Many places I got to buy my inventory, does not charge sales tax. But some small … read more
Angie
Angie
Bookkeeper, Tax Preparer, Office Manager
393 satisfied customers
Do I need to make quaterly estimated tax paymnets being self
Do I need to make quaterly estimated tax paymnets being self employed and receiving 1099-MISC (in my case there is no need SE) if my wife and I prepare a joint tax return and I woud ask my wife to hav… read more
ShawnA
ShawnA
CEO
Bachelor's Degree
2,450 satisfied customers
In June, 2014 I began receiving Consulting Fees. I want to
In June, 2014 I began receiving Consulting Fees. I want to pay estimated taxes on Form ES-1040, however I don't want to be penalized for paying late, missing several quarters, because I didn't know th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,402 satisfied customers
I have already efiled my federal and state tax returns for
I have already efiled my federal and state tax returns for 2012. I will have to file amended returns for both. I want to pay my estimated taxes as calculated after I filed my 2011 return. How can I pa… read more
PhillipsEsq.
PhillipsEsq.
Attorney
JD
1,170 satisfied customers
We have new (7) small 10% shareholders that were issued K1s
We have new (7) small 10% shareholders that were issued K1's for 2011 activity. Should they have paid estimated taxes in 2012 based on the 2011 S Corp results and same going forward? During the course… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,402 satisfied customers
I recently quit my job to be self employed. I do computer
I recently quit my job to be self employed. I do computer repair. All my jobs are on site and I drive a good amount of miles per day. I am using my personal car. I would like to know how much money I … read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I am paying my 2009 taxes in ful by April 15th 2010 (around
I am paying my 2009 taxes in ful by April 15th 2010 (around $17,000). I was also instructed to send in 1040-es tax vouchers (4 total--$5933 each) for 2010 estimated taxes.. There are federal taxes wit… read more
CPAforHire
CPAforHire
Bachelor's Degree
73 satisfied customers
The Marsh company makes standard size 2 inch fasteners,which
The Marsh company makes standard size 2 inch fasteners,which it sells for $155 per thousand. Mr. Marsh is the majority owner and manages the inventory and finances of the company. He Estimates sales f… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,975 satisfied customers
My accountant gave me a quarterly estimated tax payment in ...
My accountant gave me a quarterly estimated tax payment in addition to all the withholding taxes I pay. However, my estimated income for the year 2008 will be much lower than he thought last January. … read more
mckeecpa
mckeecpa
Master's Degree
18 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,614 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,224 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,975 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

R. Klein, EA

R. Klein, EA

Accountant

490 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dave CPA

Dave CPA

Accountant

231 satisfied customers

I'm a CPA with over 10 years of experience

ConceptsCoach

ConceptsCoach

Certified Public Accountant (CPA)

171 satisfied customers

Chartered Accountant and MBA

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x